Mid Atlantic

Insurance Financial

J.D. Power Customer

Service Excellence

Life Insurance in an Era of Expanding Longevity

The world of life insurance has undergone substantial changes over the centuries of its practice, but one recent trend has had truly unexpected effects upon the industry. This is the expanding lifespan of the modern human being. People are living longer than they used to, and not just by a little bit. Life expectancy is decades higher for people living today and it was for their grandparents, and the future holds the promise of even greater length of time. This is wonderful news for humanity, but it does leave the art of life insurance. in a bit of a quandary. After all, life insurance is meant to pay benefits to people who live for a certain amount of time. This time is well defined and predicted by actuarial tables of great specificity. When that amount of time is increasing, and in many cases by greater than ten percent, then an enormous amount of change moves through the industry. Mid Atlantic Insurance Financial has been using this wonderful fact to create more options for customers in the Laurel, MD area.

For example, it is now possible to buy a life insurance policy on a 95-year-old individual. 95 years old would have been too late for life insurance policies of previous eras to even mature, but now someone of that advanced age has excellent prospects of living another 10 years and reasonable prospects of living another 20. The health of the customer has also improved. A 65-year-old in reasonable health can obtain monthly life insurance premiums that would previously have been available only to someone under the age of 45. These are not extrapolations based on current data; this is the way that things stand at this exact moment. Extrapolations show that human beings might live even longer. Serious medical professionals believe that there are children born today who may live to see the age of a hundred and fifty. Mid Atlantic Insurance Financial is working hard to secure the economic futures of these and all other citizens of the Laurel, MD area.